Location: |
Northern Ontario near Timmins |
Target Commodity: |
REE's - Carbonatites are a special group of carbonate-rich igneous rocks and the world's primary source of rare earth elements. |
Property Size: |
Noble acquired ~2,215 ha (see NR 2023-08-17) |
Stage of Development: |
The magnetic structure has never been drilled and does not outcrop on surface |
Current Work Program: |
When implemented, the work program will include geophysical surveys to locate with precision the exact position of the magnetic low and the depth of the overburden in order to prepare for drilling. Phase 2 will consist of drilling into the magnetic low to confirm the existence of a carbonattit and test for economic mineralization. |
Potential: |
REE: Niobium, zirconium and phosphate oxide |
Net Ownership: |
100% subject to a 2% NSR with buyback right to 50% |
JV/Strategic Partner: |
N/A
|
Operator: |
Noble Mineral Exploration Inc. ('NOB) |